Will IRA Valuation Do-Overs Yield Large Tax Refunds?

IRAs must be valued, for tax purposes, and imprecise valuations can be costly.

"Overvaluation is more common than undervaluation," said Joe Luby, a CFP who is the founder of Jagen, a financial education and consulting company in Henderson, Nevada. "In a lot of cases, amending tax returns can provide substantial refunds to clients."